With advancements in the packaging industry
and ever increasing end-use industries such as food and beverages, healthcare,
personal care and cosmetics among others, the packaging machinery industry has
undergone radical changes over the years. The report on global packaging
machinery market provides qualitative and quantitative analysis for the period
of 2015 to 2023. According to the report the global packaging machinery market
is projected to grow with a CAGR of 6.7% from 2017 to 2023.

Figure 1:
Global Packaging
Machinery Market by Value 2017 - 2023

Market Insights

The
report identified that the packaging machinery
market is driven by factors such as, growing demand for packaging machinery from various end-use industries, rising
demand of consumer goods, and increased adoption of automated packaging
machines across the globe. On the other hand, the restraining factors
identified in the study include issues related to safety and hygiene of machine
parts, focus on energy-efficient packaging machinery, and huge initial capital
investment. Increasing sales of consumables and emergence of food and beverages
industry in the Asia Pacific provide opportunity for major players in the
emerging and developing economies.

Segments Covered:

T

he
report segments the packaging machinery market on the basis of type, end-user
and region. The market size of each segment has been provided in terms of value
(USD). The market segments, by type include filling machines, FFS (form, fill
and seal) machines, cartooning machines, palletizing machines, labeling
machines, wrapping machines and cleaning & sterilizing machines. The market
segments by end-user include food & beverage, pharmaceutical, chemicals,
cosmetics and others (electronics, industrial).

Geographic Coverage and
Analysis:

The
report provides regional analysis covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World. In this section the key trends and
market size for each geography is provided over the period of 2017 – 2023.

Figure 2:
Global

Packaging
Machinery Market by Region

Asia
Pacific is the key consumer of the packaging
machinery products in the global market. As of 2016, this region
accounted for about 38% share in the global market. Europe along with North
America accounted for over 55% share in the global market. High demand from
countries such as Japan, India and China enhance the growth of the Asia-pacific
packaging machinery market.
Moreover, emerging economies across APAC region expected to be a factor for
growth during forecast period.

The report provides deep insights on demand
forecasts, market trends and micro and macro indicators. In addition, this
report provides insights on the factors that are driving and restraining the
demand of packaging machinery globally as well as regionally. Moreover,
IGR-Growth Matrix analysis given in the report brings an insight on the
investment areas that existing or new market players can consider.

The report provides insights into the market
using analytical tools such as Porter’s five forces analysis and DRO analysis
of packaging machinery. Moreover, the study highlights current market
trends and provides forecast from 2017 to 2023. We also have highlighted future
trends in the packaging machinery market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight on the market strategies of the leading
players.

This report will help manufacturers, suppliers
and distributors of the packaging machinery market to understand the
present and future trends in this market and formulate their strategies
accordingly.

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